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A customs invoice is a document provided by the exporter detailing the value, quantity, and nature of goods being shipped. It is used by customs authorities to assess duties and taxes, ensuring the accurate declaration of imported goods and compliance with import regulations. This document facilitates the customs clearance process by providing essential information for import assessment.
DAP (Delivered at place) is an incoterm where the seller delivers the goods to a named place of destination, ready for unloading. The seller assumes all risks and costs up to that point, including transportation and export duties. The buyer is responsible for unloading, import duties, and any further transportation
Learn moreDDP (Delivered duty paid) is an incoterm where the seller assumes all responsibilities, costs, and risks associated with delivering the goods to the buyer’s specified location, including import duties and taxes. The seller handles all logistics, making DDP the most seller-responsible term, whereas the buyer simply receives the goods
Learn moreDPU (Delivered at place unloaded) is an incoterm where the seller delivers the goods, unloaded, at a named place of destination. The seller bears all risks and costs associated with transportation and unloading at the destination. The buyer is responsible for import duties, taxes, and any further transportation to the
Learn moreDuty drawback is a refund of customs duties, taxes, and fees paid on imported goods that are subsequently exported. This incentive encourages exports by reducing the overall cost of production. Exporters can claim duty drawback after fulfilling specific documentation and procedural requirements, ensuring compliance with export regulations and promoting cost-efficient
Learn moreExport oriented units (EOUs) are businesses set up specifically to produce goods for export. They are granted various benefits, such as duty-free import of raw materials, tax exemptions, and simplified customs procedures. EOUs aim to boost export production, attract foreign investment, and contribute to the growth of the export sector
Learn moreExport promotion councils (EPCs) are organizations set up by the Indian government to promote and support the export activities of various sectors. EPCs provide guidance, market information, and support for exporters, helping them expand their international market reach and comply with global trade regulations. They also organize trade fairs and
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